REDW Wealth LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

REDW Wealth LLC reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 36.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,304 shares of the retailer's stock after selling 4,164 shares during the period. REDW Wealth LLC's holdings in Walmart were worth $660,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Walmart in the 4th quarter valued at about $2,306,627,000. Jennison Associates LLC grew its position in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC increased its stake in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Bank of New York Mellon Corp boosted its stake in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. Bank of America lifted their target price on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Roth Mkm reissued a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $103.20.

Remove Ads

Walmart Trading Down 1.9 %

WMT traded down $1.66 during trading on Wednesday, reaching $85.78. 7,787,593 shares of the stock traded hands, compared to its average volume of 15,763,618. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average is $96.07 and its 200 day moving average is $88.61. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock has a market capitalization of $689.11 billion, a PE ratio of 35.52, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock valued at $17,657,316 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.